SSY i.e. Sukanya Samriddhi Yojana is a government scheme, where accounts are opened only in the name of girls.
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Currently, an annual interest of 8.2 percent is given in this government scheme. In this scheme, accounts are opened for girls below the age of 10 years.
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This scheme matures after 21 years from the date of account opening, in which you can deposit a minimum of Rs 250 to Rs 1.5 lakh annually.
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If your daughter is just 1 year old and you open an SSY account in her name and deposit Rs 25,000 every year, then on maturity, your daughter will be a millionaire.
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By depositing Rs 25,000 every year, your total investment in 21 years will be Rs 3.75 lakh.
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If the account opened in 2024 matures in 2025, your daughter will get Rs 11,54,596.
Image Source: Freepik
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